PLAINS ALL AMERICAN PIPELINE, L.P. (PAA) has been recovering from all-time lows at $3.00 per share in 2020 with a nice upward channel forming over the past 5 years. Expect some choppy price movements around $20.00 per share but once price breaks above, the next price target is $30.00 per share over the next few years. With uncertainty and war in the middle east, oil and oil stocks can be considered great investments, especially when the U.S. decides to invest more in producing oil domestically. Don't be surprised if the rise moves faster than anticipated if more uncertainty arises in the middle east.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.